The transaction includes 35 assets totaling 11.6 million square feet, fully occupied. The properties are primarily in Germany and the Netherlands, with smaller footprints in France, Poland and the U.K.

A 1.4 percent increase in U.S. real GDP for the first quarter of the year was down from the growth seen in the fourth quarter of 2016, according to the Bureau of Economic Analysis. But consumers remain confident about the state of the U.S. economy.